CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

Gold - Usd Dollar Analysis

US Session Analysis for CFD Instruments 07/05/2021

Fundamental analysis

07 May, 2021

Gold prices rose on Friday after breaching the key $1,800 level in the previous session, boosted by a weaker dollar and lower Treasury yields, while investors awaited U.S. non-farm payrolls data due later in the day. Market participants await U.S. monthly jobs report due at 08:30 a.m. EST. Economists expect 978,000 new U.S. jobs in April, according to a Reuters poll. on Thursday showed weekly U.S. jobless claims dropped to a 13-month low.

Technical analysis

Gold - Usd Dollar Analysis Technical analysis 07/05/2021
Time Frame: 1 hour

GOLD Support & Resistance Table - 07/05/2021

Support & Resistance Level Explanation
Resistance 2 1837.74 Daily R2
Resistance 1 1830.44 Daily R1
Support 1 1810.96 Daily S1
Support 2 1803.66 Daily S2

GOLD Indicator Table - 07/05/2021

Indicator Signal
SMA 20 Buy
SMA 50 Buy
SMA 100 Buy
MACD( 12;26;9) Buy
RSI (14) Buy
Stochastic ( 9;6;3) Buy

GOLD Indicator / Period Table - 07/05/2021

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy BuySell
RSI (14) Buy BuyBuy
SMA 20 Buy BuyBuy

GOLD 07/05/2021 - Reference Price : 1820.70

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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